Because of ongoing securities fraud violations QubitLife, previously QubitTech, has been added to Malaysia’s investor alert record.
We’re a bit late on this one as Malaysia’s securities fee added QubitTech late final yr.
As per the Securities Fee’s itemizing, QubitLife (then QubitTech) operates illegally by “finishing up unlicensed capital market actions”.
These “actions” can be working a passive funding alternative, which constitutes a securities providing.
Neither QubitTech, QubitLife or CEO Greg Limon are registered to supply securities in Malaysia. Or wherever else on the earth for that matter.
Regardless of working illegally in Malaysia and promotion of QubitLife being unlawful, posts from the Ponzi scheme’s official Twitter account counsel the Securities Fee’s warning is being ignored.
As of March sixteenth, QubitLife claims to be working out of two workplaces in Malaysia.
Whether or not authorities take any additional motion in opposition to QubitLife and its Malaysian promoters stays to be seen.